April 24, 2003

News Release: To Drill Kouroussa Gold Property In Guinea

A 2000 metre drill program at Cassidy Gold's Kouroussa gold project is scheduled to commence April 25.
Earlier exploration at Kouroussa has outlined several significant gold in soil anomalies. The best anomaly, Koe Koe South, consists of a 500 X 500 metre core area averaging 1.02 grams gold per tonne ('g Au/t') from 196 samples, with the greatest value being 40.7 g Au/t. This anomaly extends beyond the present grid to the South. One kilometre to the northwest lies the Sodyanfe anomaly encompassing a comparable area with 213 samples averaging 0.49 g Au/t and ranging up to 8.63 g Au/t. A reverse circulation drill will be used to probe the Koe Koe South and Sodyanfe targets. Cassidy's first objective will be to determine the depth of combined laterite and saprolite in order to determine the size of a potential near-surface gold resource. Cassidy believes that sampling and initial metallurgical testing of these weathered materials could provide the basis for the development of a resource conforming to the standards of National Instrument 43-101. Such a near-surface resource could then be developed at minimal cost while exploration for primary gold targets at depth proceeds.

Detailed geological mapping in the vicinity of the known gold-enriched zones will be complemented with regional mapping to cover the whole concession area. Areas of artisanal mining, of which several have already been located, will be subject to more intensive mapping, trenching and sampling.

The Kouroussa Permit area is located 570 km. east of Guinea's capital, Conakry, on a paved highway and encompasses 240 square km. of open, subdued Birimian terrane, the host of West Africa's largest gold deposits.

CONTACT: TEL: 250-372-8222 James T. Gillis, President

FAX: 250-828-2269

WEBSITE: www.cassidygold.com

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